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30 October 2025
As part of the Bank of Thailand (BOT)'s mega project to develop Thailand's foreign exchange (FX) ecosystem, on 1 September 2025, the BOT issued a new set of regulations1 to further relax requirements under Thai exchange control law, including to allow Thai mutual funds and Thai private funds to remit foreign currency out of Thailand to invest in offshore digital assets for the first time. The new regulations will take effect on 1 December 2025.
1 The key new regulations include the Notice of the Competent Officer re: Rules and Practices Regarding Currency Exchange (No. 34), the BOT's Circular No. TorPorThor.Wor. 5491/2568 re: Revision of Rules and Practices under the Measures to Prevent Thai Baht Speculation and the BOT's Circular No. TorPorThor.Wor. 5492/2568 re: Relaxation of the Measures to Prevent Thai Baht Speculation for Non-resident Non-Financial Institutions (NR Non-FIs).
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Ann Srikiatkhachorn, Paralegal, has contributed to this legal update.